As Thailand advances its digital economy, authorities are tackling the tragedy of illegal website rise, but the new artificial intelligence (AI)-based solution could be a silver bullet.
The Thai government has announced WebD, a platform that uses AI to shut down illegal cyberspace websites in the country. Deputy Prime Minister and Minister of Digital Economy and Society Prasat Jantarluangton revealed that WebD coincides with the government’s ambition to crack down on illegal online content.
At its core, new AI-powered solutions utilize robotic process automation (RPA) to streamline website reviews and evidence collections. Jantararuangtong said WebD will automatically collect evidence and submit requests to courts, circumvent the traditional document-based process.
The platform also features AI crawlers that run 24/7 and real-time monitoring to prevent the website from restarting after a court-ordered shutdown.
Early tests using WebD have confirmed that it can handle cases 31 times faster than traditional systems. According to the Deputy Prime Minister, WebD is able to review more than 100,000 websites each year, and it takes less than five business days to file a request with the court.
Critics predict that the AI-based platform will cause more than 70% of the number of blocked URLs by the end of the year. Thai residents are currently dealing with illegal website tragedy, escaping millions of unsuspecting victims.
At the top of the pyramid is an illegal digital asset investment website, offering three-digit returns on investments in residents. The government launched attacks on unregulated platforms, but the vast amount of illegal websites made business difficult.
Apart from cracking down on illegal URLs, Thailand deploys AI across key sectors of its economy. The latest is farmer AI applications that have been modified to its core with emerging technologies to track and predict yields.
Thailand’s digitalization efforts are rapidly increasing
Outside of AI, Southeast Asian countries are heading towards full-scale digitalization with emerging technologies. Digital money handouts using digital wallets have moved significantly with adoption guidelines amid the introduction of digital ID systems nationwide.
Additionally, the new five-year digital property tax exemption plan has received praise from investors and sets up a potential rivalry with local first movers. In January, Thai Prime Minister Paetongtarn Shinawatra announced a digital currency pilot in Phuket, allowing foreign tourists to use their digital assets to pay for goods and services.
China is working on Stablecoin Scam Surge
Meanwhile, when China’s Stablecoin scam attracts steam, authorities are warning the public and urge them to stay vigilant about fake investment plans.
The latest attempt to curb the effects of fake Stablecoin fundraisers comes from the City Government Task Force of Shenzhen through official public warnings. According to the advisory, the Deep Shenzhen authorities are carefully warning residents of entities that promote digital asset investment without an official license.
Authorities said unregistered entities are preying on the public’s limited knowledge of digital assets to mislead investors. In 2021, China issued a complete ban on digital assets, banning all mining and speculative investments in digital currencies.
Since the ban, authorities have recorded pockets of illegal activities online, providing a way for residents to invest in bans and digital currency. However, deep Shenzhen authorities have revealed that investment opportunities are fraudulent schemes that serve as the forefront of money laundering, gambling and pyramid schemes.
Speculative digital asset investments in China are prohibited, but FIAT-involved funding activities are legal, but entities must receive approval from the relevant regulatory bodies. Under Chinese law, individuals participating in illegal fundraising activities are personally liable and do not refund financial losses.
Unregulated entities rely on the promise that the triple girder returns of the potential victims will return to the rope. Citizens are being urged to report illegal funding activities, including stable ones, to local governments, the advisory said.
“We should adopt a rational investment mindset, blindly believe in grand promises, establish an accurate understanding of money and investment, and refrain from continuing to be wary of not being deceived,” read the English translation of the warning.
This warning follows a raft of fake stubcoin promotions in mainland China. e-commerce giant JD.com (NASDAQ: JD) has been hit hardest, with the scammers partnering with the company to make the fake JD.com Stablecoin Investment Offerings available to the public.
Stable interest surges to an invisible level
Interest in Stablecoins has increased in recent months, attracting major traditional financial players, regulatory bodies and retail users. The United States is leading the charges with the passing of the Senate Genius Act, designed to create a legal framework to regulate stables.
USDC publisher Circle has been making public with stocks surges over the past few weeks. USDT issuer Tether is fishing at the highest position to soften the US government’s eyes to maintain control as the world’s reserve currency.
For AI to work properly in the law and thrive in the face of growing challenges, it will need to integrate enterprise blockchain systems that guarantee the quality and ownership of data input. Check out Coingeek’s report Learn more about this new technology Why Enterprise Blockchain is the backbone of AI.
Look | Alex Ball of the Future of Technology: AI Development and Entrepreneurship
https://www.youtube.com/watch?v=ybzhoymfzwu title = “youtube video player” frameborder = “0” lock = “accelerometer; autoplay; clipboard-write; clipped-media; gyroscope; picture-in-picture” referrerpolicy = “strict-origin-when-cross-origin” approadlscreen = “”>>>
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
